Shopify Shareholders Boost CEO Toby Lutke’s Voting Power

Shopify Shareholders narrowly approved a measure to protect the co-founder and chief executive’s voting power Toby Luetke,

About 54% of shareholders voted in favor of granting Mr. Lutke on Tuesday a new so-called founder share That, on top of its existing supervoting Class B shares, increases its voting power from 34% to 40%.